1. Inadequate Tenant Screening: The Costly Foundation The Cost: Evictions can cost between $3,500 to $10,000+ in lost rent, court costs, and attorney fees. Property damage can run into the tens of thousands. The Solution: Implement a rigorous, consistent, and legally compliant screening process for every applicant. This must include credit checks, criminal and eviction …
5 Mistakes That Cost Landlords Thousands Each Year (And How to Avoid Them)
